How to Write a Business Plan

In: Business and Management

Submitted By sakil2743
Words 896
Pages 4
Business planning is essential for the success of any business. A business plan provides direction, keeps you on track and is usually a requirement when you seek finance. Read Why do I need a business plan to find out how writing a business plan can assist your business.
Once you've read Before starting a business plan and conducted research into the feasibility of your new business you're ready to write your plan.
We have a number of free templates and downloads to help you get started.
This section is based on our free business template and guide and steps through the various areas and information you need to include in your business plan. Your business plan may vary from this depending on the type and structure of your business.
Tips when writing your business plan

When writing your business plan and before you start using it, consider the following:
Do your research - You will need to make quite a few decisions about your business including structure, marketing strategies and finances before you can complete your plan. By having the right information to hand you also can be more accurate in your forecasts and analysis.
Determine who the plan is for - Does it have more than one purpose? Will it be used internally or will third parties be involved? Deciding the purpose of the plan can help you target your answers. If third parties are involved, what are they interested in? Although don't assume they are just interested in the finance part of your business. They will be looking for the whole package.
Do not attempt to complete your business plan from start to finish - First decide which sections are relevant for your business and set aside the sections that don't apply. You can always go back to the other sections later. Get some help - If you aren't confident in completing the plan yourself, you can enlist the help of a professional (i.e. Business…...

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